Excellent - the truth! Thank you Steve. Would have like to see how you integrate crowdfunding into your model. It also explains why products like Zero (the accounting software) are dividing accountants into two camps - those with their heads in the clouds and those stuck on the bottom line.

16.
Small Business Startups
!"#$$%
!"#$"%&'
&'()*+((%
- Business Model found
- Profitable business
- Existing team
< $10M in revenue

17.
Small Business Startups
!"#$$%
!"#$"%&'
&'()*+((%
- Business Model found
- Profitable business
- Existing team
< $10M in revenue
• 5.7 million small businesses in the U.S. <500 employees
• 99.7% of all companies
• ~ 50% of total U.S. workers http://www.sba.gov/advo/stats/sbfaq.pdf

18.
Small Business Startup:
Internet Edition
!"#$$%
!"#$"%&'
&'()*+((%
- Business Model found
- Profitable business
- Existing team
< $10M in revenue
• The Internet allows a new class of Small Businesses
• Not all businesses on the Internet are “Scalable Startups”